)
eXp World (EXPI) investor relations material
eXp World Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue grew 6.9%–7% year-over-year to $1.32 billion, driven by improved agent productivity, higher sales volume, and strong international expansion, despite a 2% year-over-year decline in agent count; sequential agent growth returned for the second consecutive quarter.
Net income from continuing operations was $3.5 million, reversing a prior-year loss, while adjusted EBITDA was $17.7 million, down 26% year-over-year due to margin pressures and higher operating costs.
International segment revenue surpassed $100 million YTD, with 68%–74% year-over-year growth and expansion into five new countries; agent productivity and retention improved.
Focused on operational efficiency, AI-driven automation, and technology investment, resulting in reduced G&A expenses and improved unit economics.
Returned $24.1 million to shareholders in Q3 2025 via $16.4 million in stock repurchases and $7.7 million in dividends.
Financial highlights
Q3 2025 revenue: $1.32 billion (up 6.9%–7% year-over-year); real estate sales volume: $54.1 billion (up 7%); sales transactions: 121,500–121,516 (up 3%).
GAAP gross margin: 6.5% (down 57 bps year-over-year); non-GAAP gross margin: 10.9%.
Adjusted EBITDA: $17.7 million (down 26% year-over-year); adjusted EBITDA margin: 1.3%.
Net income: $3.5 million, or $0.02 per diluted share.
Cash and cash equivalents at quarter-end: $112.8 million.
Outlook and guidance
No specific forward guidance provided; management remains focused on operational efficiency, technology innovation, international expansion, and agent support.
Targeting 50,000 international agents in 50 countries by 2030.
Board declared a Q4 2025 dividend of $0.05 per share, payable December 1, 2025.
Next eXp World earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)